Pampetrol to Launch Tender for Ayala I, IV Blocks

Argentine oil company Pampetrol will begin selling bidding rules July 18 to explore the Gobernador Ayala I and IV blocks, a Pampetrol source told BNamericas.

The company will receive bids on August 31, the source said.

The blocks are in the Neuquen basin and cover 292km2 and 293km2, respectively.

The winning bidders will work in cooperation with Pampetrol to conduct 3D seismic evaluations and drill two exploratory wells, BNamericas reported previously.

Pampetrol was created in September 2006 by La Pampa province, which holds a 60% stake in the firm. Municipalities in the province hold 20%, while the remaining 20% is available to the public and private sectors.